Somewhat Favorable News Coverage Somewhat Unlikely to Affect Charter Communications (CHTR) Stock Price
Media headlines about Charter Communications (NASDAQ:CHTR) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Charter Communications earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.020681971902 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- City sues to recoup franchise fees from telecom giant (bizjournals.com)
- Brokers Set Expectations for Charter Communications, Inc.’s Q2 2018 Earnings (CHTR) (americanbankingnews.com)
- A Look at Charter’s Key Technical Levels after 3Q17 Results (finance.yahoo.com)
- Earnings Visibility Hamper Charter Communications (CHTR) Rating – Investorplace.com (investorplace.com)
- How Charter Views Its Wireless Strategy (finance.yahoo.com)
Charter Communications (NASDAQ CHTR) traded down $0.72 during mid-day trading on Friday, hitting $324.50. Charter Communications has a 1 year low of $275.34 and a 1 year high of $408.83. The firm has a market cap of $80,670.00, a PE ratio of 201.55, a PEG ratio of 6.04 and a beta of 1.06. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. Charter Communications’s revenue was up 4.2% compared to the same quarter last year. equities research analysts anticipate that Charter Communications will post 2.21 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. UBS reiterated a “buy” rating and issued a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Robert W. Baird reiterated a “hold” rating and issued a $365.00 target price on shares of Charter Communications in a research report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “buy” rating and issued a $420.00 target price on shares of Charter Communications in a research report on Monday, September 18th. Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a research report on Monday, October 16th. Finally, Barclays cut shares of Charter Communications from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $267.01 to $283.00 in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Charter Communications has an average rating of “Buy” and an average target price of $378.12.
In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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